Commission fines banks for cartels: The Commission has fined eight international banks €1.71 billion  in total for participating in illegal cartels in markets for interest rate derivatives. It found cartels existed in both euro and yen interest rate derivatives. The fines ranged from zero (Barclays - with a 100% reduction under the Commission's "leniency notice") to around €725 million (Deutsche Bank for three   infringements). Other banks involved were Société Générale, RBS, JP Morgan, Citigroup and RP Martin. UBS received full immunity because it revealed the existence of the cartels, and Citigroup received immunity for one infringement. (Source: Commission Fines Banks for Cartels)